While some countries are yet to pass on higher prices of energy products and other commodities to households and businesses, it is “inevitable” they will have to do so, the Ministry of Finance said on Wednesday, adding that the need to build buffers for key commodities has “moved up the ladder of policy priorities” in light of the West Asia conflict. “Some countries have begun to allow prices to be passed on to end-users – households and businesses. Some are yet to do so. But it is inevitable,” the finance ministry said in its Monthly Economic Review report for April. “During a period of supply disruption, demand has to moderate; failing that, countries will have to pay a much higher price for energy supplies.” The war in West Asia has led to a sharp increase in prices of key energy items, with the closure of the Strait of Hormuz disrupting the supply of commodities that serve as inputs for industry.…